Asking Price Contact for pricing
NOI Net Operating Income N/A
Cap Rate N/A
Asking Price Contact for pricing
NOI Net Operating Income N/A
Cap Rate N/A

Documents

I accept the confidentiality agreement
Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. Approval for Deal Room access requires review by our Broker Team. You will be notified by email once your access is granted. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.
I accept the confidentiality agreement I accept the confidentiality agreement
Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.

Attributes

Year Built 1995
Building Area

Property Description

The property features tremendous excess land optionality, allowing investors to harvest secure cash flows from Wells Fargo’s tenancy and manufacture outsized returns through the redevelopment of excess land in the future. Furthermore, the in-place lease features substantially below market rental rates, which could be nearly tripled in the event Wells Fargo were to vacate the property and the assets were released at market rates.

Investment Highlights

  • Jones Lang LaSalle Americas, Inc. (“JLL)” has been retained as the exclusive sales representative for
  • the Wells Fargo Corporate Center (the “Property,” “Campus,” or “Portfolio”), a 450,393 square foot
  • (SF), Class A office campus located in the flourishing Raleigh-Durham market. The Campus offers
  • a rare opportunity to acquire significant scale in one of the region’s premier business parks and
  • establish a substantial foothold in one of the Country’s leading innovation markets. The property is
  • 100% leased on a NNN basis to Wells Fargo (NYSE: WFC | Moody’s: Aa1 | S&P: A+), who has been in
  • this location since 1996.
Last Updated Date: 05 Oct 2020
Ryan Clutter
Ryan Clutter
Senior Managing Director, Carolinas Office Co-Head
License details
MD-645969 ND-172952 SC-6364
Christopher Lingerfelt
Christopher Lingerfelt
Senior Director, Capital Markets
License details
NC-286599

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Last Updated Date: 05 Oct 2020

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